Bitcoin has gained more than 40% this quarter, outperforming gold and the S&P 500. Gold fell nearly 4% on Monday as long-term U.S. Treasury yields reached their highest level since 2007 and the dollar index strengthened. Bitcoin briefly declined to about $82,500 before recovering to around $84,000, leaving it down about 1%. Jurrien Timmer, global macro research chief at Fidelity Investments, said Bitcoin's move above $80,000 had triggered a double-bottom breakout, a chart pattern in which price breaks higher after forming two lows. He identified about $82,800 as a key resistance level and said a confirmed break could produce a technical target near $100,000, while warning that the pattern does not guarantee further gains and a failed breakout could prompt a rapid decline. Options trading on Deribit also reflected bullish positioning: open interest, or outstanding contract value, stood at about $2.45 billion for $90,000 Bitcoin call options, $2.33 billion for $95,000 calls and $1.79 billion for $100,000 calls.